Law.com Subscribers SAVE 30%

Call 855-808-4530 or email [email protected] to receive your discount on a new subscription.

The Different Types of Arbitration Awards

By Charles F. Forer
September 02, 2013

This is the third in an ongoing series of articles that will provide franchise attorneys with practical advice about arbitration.

Arbitration can be a quick, efficient and informal means to resolve disputes. Plus, parties can adapt arbitration to their needs. They even can decide the type of arbitration award they want. The only requirement is that an arbitration award must be in writing. See, e.g., Uniform Arbitration Act '8(a) (“The award shall be in writing and signed by the arbitrators joining in the award.”); 42 Pa. Cons. Stat. Ann. '7310 (“The award of the arbitrators shall be in writing and signed by the arbitrators joining in the award.”). Recognizing that old-fashioned “writings” are being used less and less, the revised Uniform Arbitration Act states that: “An arbitrator shall make a record of an award. The record must be signed or otherwise authenticated by any arbitrator who concurs with the award.” (The revised Uniform Arbitration Act has been enacted in almost 20 states.)

Read These Next
New York's Latest Cybersecurity Commitment Image

On Aug. 9, 2023, Gov. Kathy Hochul introduced New York's inaugural comprehensive cybersecurity strategy. In sum, the plan aims to update government networks, bolster county-level digital defenses, and regulate critical infrastructure.

The Bankruptcy Hotline Image

Recent cases of importance to your practice.

The DOJ's Corporate Enforcement Policy: One Year Later Image

The DOJ's Criminal Division issued three declinations since the issuance of the revised CEP a year ago. Review of these cases gives insight into DOJ's implementation of the new policy in practice.

How AI Has Affected PR Image

When we consider how the use of AI affects legal PR and communications, we have to look at it as an industrywide global phenomenon. A recent online conference provided an overview of the latest AI trends in public relations, and specifically, the impact of AI on communications. Here are some of the key points and takeaways from several of the speakers, who provided current best practices, tips, concerns and case studies.

Use of Deferred Prosecution Agreements In White Collar Investigations Image

This article discusses the practical and policy reasons for the use of DPAs and NPAs in white-collar criminal investigations, and considers the NDAA's new reporting provision and its relationship with other efforts to enhance transparency in DOJ decision-making.